Chipman software recently reported the following amounts in its unadjusted trial balance at its year-end:

	Debits		Credits
Accounts Receivable	$	3,600
Allowance for Doubtful Accounts			$	46
Sales (assume all on credit)				50,000

Required:

1&2.	Prepare the adjusting journal entry required for the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to nearest whole dollar amount.)
	(i) Assume Chipman uses 1/4 of 1 percent of sales to estimate its Bad Debt Expense for the year.
	(ii) Assume instead that Chipman uses the aging of accounts receivable method and estimates that $86 of its Accounts Receivable will be uncollectible.
	3. Assume instead that Chipman uses the aging of accounts receivable method and estimates that $86 of its Accounts Receivable will be uncollectible. Prepare the year-end adjusting journal entry for recording Bad Debt Expense. Also, assume Chipman's year-end unadjusted balance in Chipmans Allowance for Doubtful Accounts was a debit balance of $26. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 4. If one of Chipman's main customers declared bankruptcy after year-end, what journal entry would be used to write off its $10 balance? (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)